Living in a house while renting it out

[Will Coleman]

Okay so I am looking to buy a house and rent it out, I would like to find a multifamily where I can live in one unit and rent out the other however in my are (Arlington, TX) multifamily units are hard to find a good deal on. So if I end up having to buy a single family house I would want to rent out to other single tenants, possibly grad students or recent grads. My question is, is it possible however tricky it may be to live in a house with roommates while at the same time being the landlord? I would love to hear yall's opinion especially if any one has had an experience like this before!

Will